Repurchase Programs. With respect to each Group II Repurchase Vehicle leased by each Lessee hereunder (a) unless previously purchased by such Lessee pursuant to this Agreement, turn in such Group II Repurchase Vehicle to the relevant Manufacturer within the Repurchase Period therefor, (b) dispose of such Group II Repurchase Vehicle under the applicable Repurchase Program according to its historical practice and in accordance with the requirements of such Repurchase Program, and (c) comply with all of its (and the Lessor's) obligations under the applicable Repurchase Program.
Appears in 1 contract
Sources: Master Motor Vehicle Lease Agreement (Budget Group Inc)
Repurchase Programs. With respect to each Group II Repurchase Vehicle leased by each Lessee hereunder (a) unless previously purchased by such Lessee pursuant to this Agreement, turn in such Group II Repurchase Vehicle to the relevant Manufacturer within the Repurchase Period therefor, (b) dispose of such Group II Repurchase Vehicle under the applicable Repurchase Program according to its historical practice and in accordance with the requirements of such Repurchase Program, and (c) comply with all of its (and the Lessor's) obligations under the applicable Repurchase Program.
Appears in 1 contract
Sources: Master Motor Vehicle Lease Agreement (Team Rental Group Inc)
Repurchase Programs. With respect to each Group II Repurchase Vehicle leased by each Lessee hereunder (a) unless previously purchased by such Lessee pursuant to this Agreement, turn in such Group II Repurchase Vehicle to the relevant Manufacturer within the Repurchase Period therefor, (b) dispose of such Group II Repurchase Vehicle under the applicable Repurchase Program according to its historical practice and in accordance with the requirements of such Repurchase Program, and (c) comply with all of its (and the Lessor's) obligations under the applicable Repurchase Program.
Appears in 1 contract
Sources: Motor Vehicle Lease Agreement (Team Rental Group Inc)